Hey guys, Strong Support at around 40K with 50% Retracement and Heavy EMA Considering this strong support we did a Fibonacci Projection finding the price target of around 63K, the movement was quite strong and had just breached the last top of around 52.8K. Using our last point of strong support, at around 40K, we were able to trace an Fibonacci Projection that gives us the Price target of around 63K, which is were we are now! And also the satisfaction zone of around 58K were many players dropped their position to pocket the gains of the bullish movement. There are huge bullish news coming and it could fuel the movement even further, if we are to consider the 40K as the support for the movement the Extended Projection give us a price target of 77K. [link] [comments] |
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